According to an economist, what makes a resource scarce?
a.
It is nonrenewable.
b.
The quantity demanded exceeds the quantity supplied.
c.
It has a relatively high price.
d.
It is polluted.

According to an economist, what makes a resource scarce? b. The quantity demanded exceeds the quantity supplied.There are four economic resources: Land, Labor, Capital and Entrepreneurship. These resources are scarce relative to human wants. [ They are never available in sufficient quantity to produce goods and services to satisfy all human wants. Thus, because when humans desire something or

something more, the resources are slowly used up.Therefore, this leads to scarce resourc ]